Second-Quarter Growth Pegged at 2.5%

Revised Reading on U.S. Economy Shows Same Overall Pace With Some Key Underlying Differences

By

Sarah Portlock

Updated Sept. 26, 2013 12:40 p.m. ET

WASHINGTON—The U.S. economy expanded at a 2.5% pace in the second quarter, the government's latest estimate for the period showed Thursday, reflecting stronger performance by businesses and local governments ahead of a rockier second half of the year.

The Commerce Department's latest gauge of second-quarter gross domestic product, the broadest measure of all goods and services produced in the economy, remained the same as last month's...